Naphtha Outright - Naphtha C+F Japan (Platts) Balmo Mini Future

Description

A balance of the month cash settled mini future based on the Platts
daily assessment price for Naphtha C+F Japan

Market Specifications

Trading Screen Product Name

Naphtha Futures (balmo)

Trading Screen Hub Name

Naphtha C&F Japan Mini

Commodity Code

NPV-NPZ; NQA-NQZ

Contract Size

100 metric tonnes

Unit of Trading

Any multiple of 100 metric tonnes

Currency

US Dollars and cents

Trading Price Quotation

One cent ($0.01) per metric tonne

Settlement Price Quotation

One tenth of one cent ($0.001) per metric tonne

Minimum Price Fluctuation

One tenth of one cent ($0.001) per metric tonne

Last Trading Day

Last Trading Day of the contract month

Floating Price

In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.

Final Settlement

In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the average of the mean
of the high and low quotations appearing in the "Asia-Pacific/Arab
Gulf Marketscan" under the heading "Japan physical oil assessments"
subheading "C+F Japan" for "Naphtha" for each business day (as
specified below) in the determination period.